Media Advisory - Investment Industry Association President to comment on federal budget

    TORONTO, Jan. 23 /CNW/ - The Investment Industry Association of Canada
will issue a news release and make available Ian Russell, President and CEO,
IIAC, to provide industry commentary in response to the January 27 federal

    The IIAC believes policy measures must be developed to restore investor
    and business confidence. The IIAC recommends several key initiatives:
    -   Increase the supply of risk capital for productive investment by
        reducing capital gains taxes. This will result in greater business
        and job creation, enhanced productivity and economic activity and
        overall wealth creation and prosperity for Canadians.
    -   Proceed with planned reductions to corporate tax rates to make
        available to Canadian businesses additional earnings and cash flow
        for reinvestment.
    -   Expand tax relief for small Canadian public corporations to promote
        the growth of small business.
    -   Adopt a single securities regulator to provide a national perspective
        on markets, achieve regulatory efficiencies, facilitate consultations
        with domestic and foreign regulators and develop and implement
        regulatory policy expeditiously.
    -   Provide greater flexibility for Canadians by extending the RRSP
        conversion age and eliminating mandated RRIF withdrawal amounts.
    -   Repeal restrictions Canadian multinationals face in deducting
        interest from foreign-related loans to encourage international

    Ian Russell will be available on budget day in Ottawa and by phone to
respond to questions.

    To arrange an interview contact:

    Joanne Kearney                 or    Martin Sampson
    416-645-8180,                        613-688-6668,
    416-804-5949 (cell)                  613-884-2090 (cell)

    The Investment Industry Association of Canada (IIAC) advances the
position of the Canadian investment industry on regulatory and public policy
issues. As the professional association for the industry, the Investment
Industry Association has a mandate to promote efficient, fair and competitive
capital markets for Canada while helping its member firms across the country
succeed in the industry.

For further information:

For further information: Katie O'Dell, (416) 687-5478, (416) 312-7275

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Investment Industry Association of Canada (IIAC)

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